Waarre is a locality in the Shire of Corangamite of the Australian state of Victoria. It is about nine kilometres northeast of Port Campbell. Waarre is the site of two natural gas processing facilities. The Iona Gas Plant is owned by QIC and processes gas from the offshore . The processes gas from the offshore and in the Otway Basin. It was owned by Lattice Energy, a subsidiary of Origin Energy. Origin sold Lattice to Beach Energy in 2017. Forty percent of the Victorian operations were then on-sold to in 2018. The other significant industry in the area is farming.